Bank of Georgia Financial Overview
Targeted financial performance 2010*
Target pre-provision profit for 2010
GEL mln
160
127.9
135.6
5.73
135.0
13.03
120
106.8
21.85
80
60
40
40
68.02
Assumptions
2010 real GDP growth of 2%* in Georgia
2010 inflation rate of 3.2%* in Georgia
The GEL/US$ exchange rate remains
stable during 2010
☑Geo-political stability is sustained in the
region
0
2007
Profit before provisions
Losses related to Real Estate
Other
2008
27.0
2009
2010F
Goodwill Impairment associated with BG Bank
Losses related to investments
Target net provision expense for 2010
GEL m In
160.0
120.0
80.0
40.0
17.0
0.0
2007
*
As announced in November 2009
Labkon
BANK OF GEORGIA
www.bog.ge/ir
133.1
128.7
Target net income for 2010
GEL mln
100.0
75.6
80.0
60.0
40.0
20.0
0.2
10% upside
risk
72.3
2007
2008
2009
2010F
50.0
(20.0)
(40.0)
(60.0)
(80.0)
2008
2009
2010F
(100.0)
*IMF Estimates
(98.9)
November 2010
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